JPMorgan's Dimon: Don't be optimistic about a soft landing for the U.S. economy, please push for the 'Big and Beautiful Act' as soon as possible.

JP Morgan CEO Jamie Dimon stated during an interview this morning on June 2 that the uncertainty in the U.S. economy remains high and that the government must expedite the passage of the One Big Beautiful Bill Act to provide clear direction for small and medium-sized enterprises. He further pointed out the need to find ways to promote economic development rather than being fixated on the fiscal deficit, and emphasized that the current internal system of the U.S. and the chip Supply Chain, as well as national defense, are urgent problems that need to be addressed. Regarding speculation about whether the U.S. economy will experience a soft landing, Dimon stated, "Don't be too naive; prepare for the worst case scenario."

Key Summary

Dimon opposes the U.S. government's obsession with the fiscal deficit, arguing that it should focus on economic growth, the chip Supply Chain, and national defense.

Dimon urged the government to quickly promote the "Big and Beautiful Act" to provide clear policy direction for small and medium-sized enterprises.

Criticize the United States for lacking a flexible military procurement plan and defense Supply Chain, and call for more missile reserves and the expansion of chip factories.

Internal system reform and the issue of immigrant talent must be urgently resolved to help the U.S. economy.

Conservative about the global economic outlook, regarding the soft landing of the U.S. economy, it stated: "Don't be too naive, prepare for the rainy day."

Call on Congress to expedite the "Big and Beautiful Act," businesses need a clear direction.

Dimon was the first to talk about the "One Big Beautiful Bill Act" that Congress is discussing (, stating that it is very important for small and medium-sized enterprises, he said:

"20% of small and medium-sized enterprises in the United States rely on tax cuts to sustain themselves. Without clear legislative support now, they will not invest in equipment or hire new employees."

He emphasized that a stable tax system is very important for investment plans and hopes that Congress can finalize it soon.

)Note: The "Great and Beautiful Act" is a budget reconciliation bill proposed by the 119th Congress of the United States, aimed at continuing and expanding the tax cuts and job policies promoted by Trump in 2017, along with several significant reforms. (

Don't just focus on the fiscal deficit; economic growth is the key.

In response to the fiscal deficit issue, Dimon stated that the focus should be on "economic growth." He said:

"Everyone has been focusing on the deficit, but the emphasis should be on how to grow and how to enable small and medium-sized enterprises to develop alongside technology; this is the key."

He mentioned that the tax cut bill promoted by Trump in 2017 brought trillions of dollars back to the United States, creating a large number of job opportunities. He stated that such policies should be continued and further improve government efficiency.

Criticizing the aging of U.S. domestic politics, Dimon: Don't talk about the future if you don't change the system.

Dimon pointed out that the biggest problem in the United States is not external enemies, but rather the aging internal systems. He stated bluntly:

"The United States should relax regulations, reform education, promote pro-business policies, assist low-income households, and modify the immigration system to attract talent; these are the issues that should be prioritized."

He believes that addressing the root causes first is essential for the United States to maintain its global economic leadership.

Call on the government to expand the defense Supply Chain budget and actively expand missile and chip manufacturing.

When discussing defense issues, Dimon seriously stated that the United States must establish a stronger defense Supply Chain:

"Now the missile factories and chip factories are insufficient, and the Supply Chain relies on others. It's too slow to say we need to build factories only when a war breaks out."

He called on the U.S. government to expand the military budget and establish a multi-layered budget structure to address geopolitical impacts.

Don't be too optimistic about a soft landing for the U.S. economy, Dimon: Prepare for the worst.

When asked whether the U.S. economy will experience a soft landing in the future, Dimon directly retorted, "Don't be too naive": he stated:

"I don't think there will be significant growth in the US economy in the second half of the year. Too many people only look at the data as if there are no problems, but there are too many variables, including fiscal deficits, geopolitical issues, and the Supply Chain, which cannot be fully grasped."

He stated that he never predicts the future, but companies should prepare for the worst-case scenario.

This article by JPMorgan's Dimon: Don't be optimistic about a soft landing for the U.S. economy, please push the "Too Big to Fail Act" as soon as possible. First appeared in Chain News ABMedia.